BP falls back on petroleum, admits ‘misplaced’ faith in renewables
By pledging an “unwavering focus” on creating value for shareholders, BP admitted its renewable crusade was a failure and exposed the rotten core of ESG.
BP cuts renewable investment and boosts oil and gas in strategy shift
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
How Big Is BP’s Stranded Assets Problem?
Green critics of BP's new strategy claim it will lead to stranded assets. it won't. BP's problem is not having enough oil and ...
BP to Focus More on Oil and Gas in Strategy ‘Reset’
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
BP’s Crisis Marks the Tombstone for Big Oil’s Green Pivot
Even the oil giants that attempted to switch away from fossil fuels are going back to oil and gas. The chief executive of BP ...
The Associated Press - Business News on MSN12d
BP to slash spending on net zero ventures as it focuses on oil and gas again
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
Elliott Ramps Up Pressure on BP as New Strategy Falls Short
Elliott Investment Management is ramping up pressure on BP Plc after its new strategy fell short of the activist investor’s ...